A recent subsidy increase for India’s cotton farmers could drop world cotton prices by as much as 6 percent, according to a report from Texas Tech University’s Cotton Economics Research Institute (CERI).

According to this story in the Austin American-Statesman, Perry allies pressured two regents of the Texas Tech University System to step down after they came out in support of Perry's opponent in the upcoming gubernatorial election, U.S. Sen. Kay Bailey Hutchison.

The program allows for state matching funds from private donors of up to $50 million during the next two years for universities competing for national research university status.'Our plan is going to expand the number of tier-one universities from currently two in the state to as many as nine over the next 10 years,' Gilbert said. 'In my opinion, Texas Tech has earned that status and should be considered the first in line to receive this tier-one status.'

The Cotton Economics Research Institute (CERI) coordinates economic research activities on all aspects of cotton research (e.g. production, marketing, trade, processing, value added) within Texas Tech University and other research units throughout the United States and other countries. CERI releases the report on cotton prices.